Lloyd Yates on GenCo model
From NI Stock | NiSource Inc. Q1 2026 Earnings Call · · AlphaStreet
“By leveraging the GenCo regulatory model, our agreements with Alphabet and Amazon are expected to deliver annual savings up to $124 per year for residential customers. Offering greater benefits at now accelerated timeline than initially forecasted.”
On , Lloyd Yates, President, Chief Executive Officer & Director at NiSource Inc, spoke about GenCo model during NI Stock | NiSource Inc. Q1 2026 Earnings Call on AlphaStreet.
About Lloyd Yates
Lloyd Yates, president and CEO of NiSource, has been leading the company through a period of growth driven by data center demand. During the first quarter 2026 earnings call, Yates announced an expansion of an agreement with Amazon, adding 400 megawatts of capacity, and stated that agreements with Alphabet and Amazon are expected to deliver annual savings of up to $124 per residential customer. He reaffirmed NiSource's 2026 adjusted EPS guidance of $2.02 to $2.07 per share and increased the company's long-term adjusted EPS compound annual growth rate to 9 to 10% through 2033, citing a "robust portfolio of investment opportunities supporting data centers." Yates has emphasized the complexity of data center transactions and the company's disciplined approach to executing them. On the fourth quarter 2025 call, he noted that NiSource was engaged in approximately two dozen active data center projects and strategic negotiations for 1 to 3 gigawatts of new capacity. He also highlighted the company's collaboration with Blackstone Infrastructure Partners through its GenCo subsidiary, which he said had committed $1.5 billion in equity. Yates has described the NiSource strategy as focused on delivering safe, reliable, and affordable energy through efficient capital deployment and constructive regulatory mechanisms.